MMI HOLDINGS LIMITED - Changes to Executive Roles and Board Committees of MMI

Changes to Executive Roles and Board Committees of MMI

MMI HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number: 2000/031756/06)
ISIN Code: ZAE 000149902
Share Code: (JSE) MMI
Share Code: (NSX) MIM

CHANGES TO EXECUTIVE ROLES AND BOARD COMMITTEES OF MMI

In line with MMI’s commitment to deliver on its stated strategy, the Board of MMI (“Board”) is pleased to
advise its shareholders of the following changes to certain Executive roles with effect from 1 May 2016:

    •   Mr Etienne de Waal will become the CEO of the Momentum Retail Segment.
    •   Mr Mark van der Watt, current CEO of Momentum Retail Segment, will become the CEO of the Life
        Insurance Centre of Excellence.
    •   Mr Blum Khan reaches normal retirement age in June 2016 and will step down as CEO of the
        International Segment once the succession planning for the International Segment has been
        completed. He will act as a consultant to MMI after his retirement.

The following additional members have been appointed to the MMI Exco:
    • Mr Thinus Alsworth- Elvey: CEO of Investments and Savings Centre of Excellence. In addition he will
         represent the UK business at the MMI Exco; and
    • Ms Zureida Ebrahim: CEO of Client Engagement Solutions

The Board also wishes to inform shareholders of changes to certain Board Committees with effect from 29
April 2016.

Actuarial Committee:
Mr David Park has been appointed as a member of the MMI Actuarial Committee. Mr Park is a qualified
Actuary and has a wealth of experience specialising in consulting to a large variety of small, medium
and large life insurers in South Africa.

Remuneration Committee:
Mr Peter Cooper has been appointed as a member of the MMI Remuneration Committee. Mr Cooper joined
the MMI Board on 20 November 2015.

The Board welcomes all the newly appointed executives and members of Board Committees into their new
roles and look forward to their valuable contribution to the Group. The Board is of the view that the changes
will make an important contribution to the implementation of MMI’s strategy.

CENTURION
3 May 2016

Sponsor in South Africa
Merrill Lynch South Africa (Pty) Ltd

Sponsor in Namibia
Simonis Storm Securities (Pty) Ltd

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